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2011

Learning from Startup Ecosystems

It is true that governments cannot be ignored by entrepreneurs—they set the rules and incentives. But it should not be surprising that vibrant entrepreneurs typically show, at best, nonchalance toward government. Most government agencies across the globe remain inefficient and cumbersome—especially when you compare even a well-funded government program to a collection of bootstrapping startups.

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Jonathan Ortmans
on October 03, 2011
Looking Past the Talk on International Aid

Late September is always a busy time in New York and Washington for world leaders. New York is crowded with heads of state and visionaries at the UN Assembly or the Clinton Global Initiative, and in Washington, DC, the World Bank Group and IMF Annual Meetings that took place this past weekend always spur an assortment of organizations with global economic development missions to gather their flocks. We all wonder what all these expensive ‘meetings of the minds’ are accomplishing. To share my own bias, it prompts me once a year to check in and see how much development bureaucrats are really seeing and listening to the entrepreneurs on the ground doing the work.

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Jonathan Ortmans
on September 26, 2011
Category:  Global  Growth & Poverty 
Kauffman Expands Global Scholars Program

A world-class opportunity awaits U.S. college graduates with innovative ideas for a new business. The Ewing Marion Kauffman Foundation is expanding its successful Global Scholars Program to include up to 10 recent graduates from U.S. colleges and universities who will join Scholars from around the world.

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Mark Marich
on September 26, 2011
Category:  Global  Education 
Legislation Introduced to Improve SOX Requirements for Small Businesses

Rep. Ben Quayle from Arizona’s third district recently introduced  H.R. 2941, the Startup Expansion and Investment Act, which will allow shareholders of public companies with market valuations below $1 billion to opt out of regulations within section 404 for the first 10 years after going public. The costs for complying with the requirements of this section of Sarbanes-Oxley can exceed $1 million for new companies and can cost them up to $20 million in loss of valuation.

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Mark Marich
on September 26, 2011
Category:  Capitol Hill 
This Week in Entrepreneurship Policy (September 26 - 30)

Updated: Monday, September 26 // 7:52 pm

While the original House and Senate calendars called for recess for this week, members of the Senate remained in Washington to work on a funding bill that would avert a government shutdown at the end of this week. It passed a six-week bill by a 79-12 vote and also passed a one-week continuing resolution to give the House until October 4 to act.

The House remains on recess (for the time being) and was not scheduled to reconvene until Monday. It had approved its version of a continuing resolution on Friday that cut an environmental loan program run by the Energy Department that Democrats called a job creator. The Senate had rejected that measure on Friday.

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Mark Marich
on September 26, 2011
Category:  Capitol Hill 
A Look Back at Innovation Daily (September 26 - 30)

Each day, Innovation Daily checks the pulse of global innovation -- courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.

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Mark Marich
on September 26, 2011
Say Goodbye to the Survey of Business Owners?

Last week, I noted that due to the House and Senate appropriations committees’ significant cuts in the Census Bureau budget, the quality of federal of federal economic statistics appears about to decline. At that point, we knew that the Census Bureau had responded to the House committee's 17% ($169 million) cut by saying it would cancel the 2012 Economic Census, which provides the foundation for the national input-ouput model, 12 Principal Federal Economic Indicators (including GDP), and a myriad of other public and private uses.

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Mark Marich
on September 26, 2011
Revisiting Sarbanes-Oxley

We have heard several entrepreneurship-based proposals recently to get our economy back on track, but one piece seemed to be missing this whole time in the debate: re-evaluating Sarbanes-Oxley for young firms. We have long known that the compliance costs associated with SOX—particularly section 404—have been discouraging many companies from going public, thereby blocking their access to capital and growth. Researchers have suggested that Congress address this issue in some way, and a measure to allow shareholders of companies with market cap below $1 billion to opt-in under SOX was one of the ideas floated in the Startup Act released mid-July. The measure is now gaining track in Congress.

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Jonathan Ortmans
on September 19, 2011
Essays by Secretary Locke, Steve Blank Highlight 2011 Kauffman Thoughtbook

A new essay by Steve Blank, who founded a series of successful high technology companies and now teaches entrepreneurship, outlines four different types of entrepreneurs—and identifies the tools and support they need to succeed.

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Mark Marich
on September 19, 2011
Seven Inducted to New Entrepreneur Walk of Fame

The Entrepreneur Walk of Fame unveiled its inaugural class of seven esteemed honorees whose names will be immortalized with a sidewalk star in Kendall Square—located in Cambridge, Massachusetts—today. Similar to Hollywood's celebration of movie stars, the Entrepreneur Walk of Fame (EntWoF) awards entrepreneurs at the top of their fields who have transformed the business culture and jumpstarted the economy.

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Mark Marich
on September 19, 2011

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